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Air France-KLM (OTCMKTS:AFLYY) Stock Price Passes Above 200-Day Moving Average - Here's Why

Air France-KLM logo with Transportation background

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.86 and traded as high as $0.93. Air France-KLM shares last traded at $0.91, with a volume of 55,514 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AFLYY. Redburn Atlantic upgraded Air France-KLM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Morgan Stanley reiterated an "underweight" rating on shares of Air France-KLM in a research note on Friday, March 7th. Finally, UBS Group cut Air France-KLM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Read Our Latest Research Report on Air France-KLM

Air France-KLM Price Performance

The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 2.31 and a beta of 1.74. The stock has a 50 day simple moving average of $0.89 and a two-hundred day simple moving average of $0.85.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. The company had revenue of $7.54 billion for the quarter, compared to analysts' expectations of $7.39 billion. Equities research analysts predict that Air France-KLM SA will post 0.21 EPS for the current year.

About Air France-KLM

(Get Free Report)

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.

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